July, 2021

• 19 July

  Asia’s air travel may take 3 years to recover from pandemic

  

  Bloomberg Asian air travel may take another three years to recover fully from the devastation wrought by the pandemic, lagging behind rebounds in other regions and offering a stern headwind for refiners making jet fuel. It’ll take until 2024 for international air travel across the region to reach pre-virus levels, a year after global traffic hits that milestone, according to ...

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• 18 July

  Second China spy ship to watch US-Australia war training: ABC

  

  Bloomberg A second Chinese spy vessel is on track to enter waters off Australia’s northeast coast, adding to Beijing’s surveillance presence in the area as joint military exercises between Australia and the US kicked off last week, the Australian Broadcasting Corp (ABC) reported. Approaching Australia through the Solomon Sea around Papua New Guinea, the vessel joins a larger Chinese auxiliary ...

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• 18 July

  Diplomats urge new leadership in slight to Haiti’s interim chief

  

  Bloomberg Diplomats around the world are urging the designated prime minister of Haiti to form a new government, a rebuff of the current interim prime minister who stepped in after the assassination of President Jovenel Moise. Claude Joseph has been running the country as the interim prime minister with the support of the military even after Moise named Ariel Henry ...

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• 18 July

  Thai police uses tear gas on pro-democracy protesters

  

  Bloomberg Thai riot police shot tear gas and fired water cannons at pro-democracy activists rallying in the capital as thousands marched to protest the government’s management of the nation’s worst coronavirus outbreak. Demonstrators in face masks marched near government house in central Bangkok, despite restrictions on public gatherings of more than five people amid record daily infections. They demanded Prime ...

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• 18 July

  Chile holds key vote in presidential race

  

  Bloomberg Chileans headed to the polls on Sunday in a primary election that was expected to narrow a crowded field of candidates competing for the presidency amid a backdrop of lingering social unrest. Citizens will decide which of two far-left candidates, Daniel Jadue and Gabriel Boric, and four right-wing contenders including Joaquin Lavin will advance in the race. Voters will ...

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• 18 July

  Duterte says Vice President role to give him immunity

  

  Bloomberg Philippine President Rodrigo Duterte once again floated the idea of a vice-presidential run in the 2022 elections, saying it would give him immunity from lawsuits. “They keep on threatening me with lawsuits and everything,” Duterte said at his ruling party’s assembly meeting, referring to his political enemies. “But the law says if you’re president, vice president, you have immunity. ...

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• 18 July

  China’s digital yuan trial hits $5.3 billion in transactions

  

  Bloomberg China’s digital yuan trial has reached 34.5 billion yuan ($5.3 billion) in transaction value as the central bank continues to outpace global peers in developing a virtual currency. Across China, more than 20.8 million individuals have opened a virtual wallet that stores the digital currency and have made more than 70.7 million transactions in total, the People’s Bank of ...

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• 18 July

  Nomura hikes junior banker pay, joining Wall Street rivals

  

  Bloomberg Nomura Holdings Inc is raising the salaries of its entry-level bankers to $100,000, the latest lender to boost pay as the industry struggles to retain junior talent that has been inundated by deal flow amid the work-from-home grind. The Japanese brokerage will introduce the pay bump in July, according to a person with knowledge of the matter. The move ...

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• 18 July

  Santander to buy Amherst in US fixed-income push

  

  Bloomberg Banco Santander SA’s US unit agreed to buy Amherst Pierpont Securities in a deal that gives Spain’s biggest bank a greater presence in the fixed-income trading business that’s been a boon to Wall Street rivals over the past year. Santander Holdings USA is acquiring the independent broker-dealer through a $600 million takeover of its parent company, Pierpont Capital Holdings ...

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• 18 July

  Morgan Stanley bankers lag behind rivals in M&A fees

  Bloomberg Wall Street dealmakers basked in the spotlight this week as the biggest US banks touted their windfalls from a surge in corporate hookups. But as Morgan Stanley finished the parade of earnings reports, some competitors smirked. The firm — one of three that dominate the world of mergers and acquisitions — had lost ground to arch rivals Goldman Sachs ...

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